Research Reports

Key takeaways

Operating income was -$19.7M, compared to $5.0M in the prior year, reflecting the gross profit deterioration and higher operating expenses.

Net income was -$28.4M, or -$0.52 per diluted share, compared to -$4.6M, or -$0.08 per diluted share in the prior year.

Free cash flow was -$133.9M, reflecting the operating cash outflow and minimal capital expenditures of $28,000.

Full analysis

Revenue Decline Driven by Transportation Project Wind-Down

Gross Profit Deterioration from Dispute Resolutions and Cost Overruns

Operating Loss and Net Loss Deepen

Cash Flow Strain and Liquidity Support from Sureties

Backlog and Segment Outlook

Both our Civil and Transportation segments continue to identify new opportunities to grow our business, and the future outlook of the end markets we serve remains positive. Our principal uses of cash typically include the funding of working capital obligations, debt service, and investment in machinery and equipment for our projects.

SLND · Southland Holdings, Inc.